BOJ may raise rates in July depending on data, says Governor Ueda
TOKYO - Bank of Japan Governor Kazuo Ueda said on Tuesday the central bank could raise interest rates next month, depending on economic and price data available at the time.
"There's a chance we could raise interest rates at our next policy meeting, depending on economic, price and financial data and information available at the time," he said. The decision has heightened uncertainty on whether the BOJ could also hike short-term interest rates at its July 30-31 meeting or hold off until later in the year to avoid upending markets.
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